NASD's Chairman Glauber backs SEC's Pitt

Robert Glauber, chairman of the National Association of Securities Dealers, said departing SEC Chairman Harvey Pitt is a brilliant lawyer and nobody should question his commitment to solving Wall Street's current crisis in confidence. "Harvey is someone who cares deeply about about restoring confidence in the U.S. securities markets," Glauber said during an address to the Securities Industry Association in Boca Raton, Fla. "No one should doubt Harvey's commitment to dealing with the many issues confronting our industry." Pitt resigned late Tuesday under heavy political pressure after 15 months in office.

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